Silver Monitoring Thread £ (GBP) only.

[Stacktastic]

6 hours ago, Paul said:

Current (paper) silver to gold ratio sat at 

92.89 : 1

Its best ratio this week since July 2020

 

I wonder if we are destined to over 100+ : 1 ratio again any time soon ?

Excuse my ignorance, What does this mean - will it go up or down? 😛 
I have been waiting for £320 and below soverigns for a years now. 

Hoping for £13 silver but been buying a few KG nether the less. 

Edited September 8, 2022 by Stacktastic

[modofantasma]

Silver getting a nice little tickle today so far .... Almost 4% before US open 

[Mphys]

Silver up 5.56%  @ 16:49 UK time to $19.92 per Oz let's see what the US CPI numbers do to this, predicted to be lower than last month 

Edited September 12, 2022 by RJBALDWIN

[Paul]

13 minutes ago, RJBALDWIN said:

Silver up 5.56%  @ 16:49 UK time to $19.92 per Oz let's see what the US CPI numbers do to this, predicted to be lower than last month so go for Silver.

[Zhorro]

13 minutes ago, Paul said:

Or...

[Paul]

26 minutes ago, Zhorro said:

Or...

more than likely  i'll be right one day   . . . . . . like Andre Maguire 😉

[Gruff]

[Mphys]

Yep, the market thought CPI would be lower but  inflation has increased in the US thus making it more likely the US will increase rates by 0.75% . Precious metals should be on the slide now, buy buy buy!

[Gruff]

4 minutes ago, RJBALDWIN said:

Yep, the market thought CPI would be lower but  inflation has increased in the US thus making it more likely the US will increase rates by 0.75% . Precious metals should be on the slide now, buy buy buy!

Inflation will peak middle of next year. There is generally a 13-14 month lag in inflation to QE and so I fully expect that May/June 2023. However with all the other BS going on with fuel prices etc.. I now expect inflation to keep increasing well into the second half of next year. It'll then drift slightly lower for a while, but unless there is a "Volcker moment" inflation will continue to ravage us

[Uksilverstackers]

Get on up there… £18 + 👍👍👍👍👍👍👍

 

Guess we’ll see how long that holds…..

Edited October 3, 2022 by Uksilverstackers

[Stacktastic]

2 minutes ago, Uksilverstackers said:

Get on up there… £18 + 👍👍👍👍👍👍👍

 

Guess we’ll see how long that holds…..

Glad I secured 15kg purchase last week and not this week. 😛 
Golds turn to dump now hopefully. 

Edited October 3, 2022 by Stacktastic

[Uksilverstackers]

1 minute ago, Stacktastic said:

Glad I secured 15kg purchase last week and not this week. 😛 
Golds turn to dump now hopefully. 

Great timing. Gold might get pulled up with Silver  if they can’t keep it down 😎

[Uksilverstackers]

You dont get to see Silver do this too often 😳

Edited October 3, 2022 by Uksilverstackers

[Mphys]

I guess this is happening because the ETFs actually sold off gold and are now long silver.

[Lyrinn]

Has anyone seen @Paul today? Did he already get on the rocket? Is he part way to the moon already? Paul! Paaaaaaaaul! PAAAAAAAAAAAAUL!

£20/oz by the end of the day/week, oracle (@Paul)?

[Paul]

   

[HerefordBullyun]

1 hour ago, RJBALDWIN said:

I guess this is happening because the ETFs actually sold off gold and are now long silver.

And the elephant in the room lots of over leveraged dangerous credit default swaps going on 

Edited October 3, 2022 by HerefordBullyun

[Shinus73]

Up 8% in dollar terms now - something, somewhere is broken.

[Gruff]

4 minutes ago, Shinus73 said:

Up 8% in dollar terms now - something, somewhere is broken.

Will be interesting to see what the Reverse Repo market does. Will it shoot up as the banks look to park more with the Fed? 

[Stacktastic]

49 minutes ago, HerefordBullyun said:

And the elephant in the room lots of over leveraged dangerous credit default swaps going on 

This is fab to watch as it has to happen to bring through the new. 
If you want a new kitchen you need to stip out everything in the room & start fresh. 

This is like watching Rougue trader film in real life, but this time there are thousands of Nick Lessons. 😛 
Im just glad I understand it and have positioned myself favourably & not get caught up in the panic.
I can only imagine what they will be like if pensions & bank money gets bailed in / confiscated. 
Fabulous time to day/swing trade over the next 3-5 years I recon. Not a good time to be in the police.  

8 minutes ago, Shinus73 said:

Up 8% in dollar terms now - something, somewhere is broken.

Im up 9% on my SLV position, do you think this is a short term break out??
Wondering to cash out if it goes up more? even my GDX/GDXJ is climbing. 

Edited October 3, 2022 by Stacktastic

[Zhorro]

11 minutes ago, Shinus73 said:

Up 8% in dollar terms now - something, somewhere is broken.

I think the US Fed may be holding an emergency meeting:

https://www.zerohedge.com/news/2022-10-03/emergency-fed-pivot

Yes they did hold the meeting:

https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

It was a closed meeting - "it was determined that the public interest did not require opening the meeting".

Edited October 3, 2022 by Zhorro
Extra info

[Stacktastic]

10 minutes ago, Zhorro said:

I think the US Fed may be holding an emergency meeting:

https://www.zerohedge.com/news/2022-10-03/emergency-fed-pivot

Yes they did hold the meeting:

https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

It was a closed meeting - "it was determined that the public interest did not require opening the meeting".

I would love to be a fly on the wall in that meeting.
how great would it be to hear what they are discussing
& if they are actually a bunch of emotional reactive dumb asses or just stooges for the oligarchs exacting a plan as perfectly as possible. 

Edited October 3, 2022 by Stacktastic

[Shinus73]

11 minutes ago, Stacktastic said:

Im up 9% on my SLV position, do you think this is a short term break out??
Wondering to cash out if it goes up more? even my GDX/GDXJ is climbing. 

If the last 10 years are anything to go by, it will be down a minimum of 10% from here by Friday.

Of course, I have absolutely no idea what it's going to do, or why, but an 8% jump in silver in one day is not normal.

[Stacktastic]

9 minutes ago, Shinus73 said:

If the last 10 years are anything to go by, it will be down a minimum of 10% from here by Friday.

Of course, I have absolutely no idea what it's going to do, or why, but an 8% jump in silver in one day is not normal.

Yeah. like the silver squeeze its good to cash out. I shall wait till 10%+  
Tomorrow/wed will be good I think then will come a smash down. 

Edited October 3, 2022 by Stacktastic

[Paul]

if silver investing experience is anything to go by, the sharper and quicker the % gain, the smack back down to reality is normally equally as brutal